NovoNordisk_CushmanWakefield_RPF_FINAL

35 Novo Nordisk | Cushman & Wakefield

the area - Copenhagen Towers. Rent for this building is above the average market rate. Vacancy is low at the moment but new construction is on the way with more building land available, so supply will meet demand for many years to come and keep rent levels stable just below DKK 2.000 per SM p.a. LEASE OVERVIEW SUBMARKET OVERVIEW MARKET OVERVIEW Landlord: NIAM Submarket Name: Örestad Market Name: Örestad Lease Expiration: 10/31/2022 Submarket Rent: 1,800.00 DKK per sqm annually Annual Market Rent: 1,800.00 DKK per sqm annually Client Occupied Area: 3,532 sqm Annual Rent Growth: 0 Annual Rent Growth: 0 Asset Type: Office Vacancy Rate: 7% Vacancy Rate: 7% Class: A Inventory Area: Inventory Area: Under Construction: Under Construction:

MARKET INSIGHTS

Broker Opinion of Rent: 1,800 DKK per sqm annually Market is landlord favorable and incentives are low in general. Incentives due to COVID are limited to primarily retailers.

Örestad is a relatively new area with new modern and efficient buildings and a very attractive location close to the airport, metro and highways. Novo Nordisk occupies the no.1 prime building in

Ørestads Boulevard 108, 6 | Copenhagen, Denmark

Normally leases are non-terminable for the first 5 years and after this have a rolling break of 6-12 months. Re-gears should be initiated no later than 6 months prior to termination notice deadline.